The Australian Stock Exchanges exchange is taking a new approach to bitcoin, with the Australian government announcing on Monday that it will launch its own bitcoin exchange.
In a statement to the Australian Securities Exchange, the government said it had decided to allow the Australian exchange to issue its own digital asset.
The decision is a response to recent reports from bitcoin investors that some Australian bitcoin users have begun to withdraw funds.
The Australian government said in a statement that bitcoin has become a critical tool for its citizens.
The move comes as bitcoin prices have soared, and as bitcoin is being increasingly seen as a legitimate payment method in many countries.